Mozambique: EDM Registers Net Profits of U.S.$81.8 Million

Mozambique’s publicly owned electricity company, EDM, in the 2022 financial year recorded its highest ever net profits, of 5,220 million meticais (US$81.6 million). This compares with a profit of 2,099 million meticais recorded in 2021.

The figure was announced at an EDM Ordinary General Meeting, held in Maputo on 28 April. According to an EDM press release, the meeting also analysed the current stage of implementation of previous decisions and approved the EDM’s Report and Accounts for the 2022…